Common Texas Health Insurance ScamsSelf-employed persons beware! Texas health insurance scams are on the rise. By knowing how Texas health insurance scammers work, you can go a long way in protecting your wallet and your credit. According to ConsumerAffairs.com, there were 31 bogus Texas health insurance providers in operation in 2004. This number was expected to rise significantly over the next few years. The self-employed are a main target for Texas health insurance scammers. Don't let desperation for individual health insurance leave you as unsuspecting prey for these companies. So what claims do these scammers make? According to ConsumerAffairs.com, Texas health insurance scammers often claim they can bypass state regulations and save you money. The reality is Texas health insurance is regulated mainly at the state level. Another tactic of health insurance scammers is to take your money and run. You sign up for coverage and when you go to the doctor or are hospitalized you find yourself with huge medical bills. The scammers are no where to be found and you are stuck with medical bills that you can't pay. Consumers often don't realize they have been scammed until they file medical claims. By the time state insurance commissioners and other state regulators, have been informed of these fraudulent companies, the Texas health insurance scammers have disappeared, hidden their assets or are nearly bankrupt. Before your sign any forms and send in money, check with the Texas health insurance commissioner to verify the credibility of the Texas health insurance provider you are considering. And, if you suspect a Texas health insurance provider to be a scammer, report the company to your state insurance commissioner immediately.
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